Aurora Strategic Parking Plan and Program
The City of Aurora in the Denver metro
area recently completed a “Strategic Parking Plan and Program
Study” that is an innovative parking management strategy for the
planned I-225 light rail corridor, including a corridor-based
strategy for financing structured parking. The study envisions
implementing fees for parking as well as other parking management
tools along the entire light rail corridor, including the transit
station parking lots and surrounding residential and commercial
parking areas. By managing the parking supply and implementing
fees across a broad geographic area, the measures described in
the study could create a market for priced parking (i.e.,
eliminate the option for free parking on the street) and raise
revenue to pay for new parking structures at targeted stations.
The Aurora study demonstrates the range of parking, management,
pricing, and other revenue generating tools that could be
included, as well as the challenges involved in implementing this
type of corridor-level parking strategy.
RELEVANT TOOLS
- Development Impact Fees
- Special Assessment District
- User Fees
- Revenue Bonds